Form 1099-H: Health Coverage Tax Credit (HCTC) Advance Payments

Form 1099-H is an informational tax form used by health insurance providers to report advanced payments of health insurance premiums made on behalf of qualified individuals. This program, known as the Health Coverage Tax Credit (HCTC) Advance Payments program, is no longer available as of December 31, 2021. However, you may still receive a Form 1099-H if you participated in the program before that date.

Who Receives Form 1099-H?

A. You will receive a Form 1099-H if you were an eligible recipient of advance payments for health insurance premiums through the HCTC program.

B. To be eligible, you must have been one of the following:

  1. Trade Adjustment Assistance (TAA) recipient
  2. Alternative TAA (ATAA) recipient
  3. Reemployment TAA (RTAA) recipient
  4. Pension Benefit Guaranty Corporation (PBGC) pension payee

What Information Does Form 1099-H Include?

The form will include details about the HCTC advance payments made on your behalf, including:

  • Your name and address
  • Your health insurance provider's name and address
  • The total amount of HCTC advance payments made for the year
  • The months for which the advance payments were made (This information is crucial for tax purposes)

What Do I Do With Form 1099-H?

While the HCTC program is no longer active, you should still keep your copy of Form 1099-H for your tax records.

If you file a tax return: Use the information on Form 1099-H to accurately report the HCTC advance payments you received. You may need this information when claiming the health insurance credit on Form 8885, Health Coverage Tax Credit.

If you don't file a tax return: You generally don't need to take any action with Form 1099-H. However, it's always a good idea to keep tax documents for your records.